Steelcase, Inc (NYSE:SCS) shares, rose in value on Friday, May 09, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $10.46.
Actively observing the price movement in the last trading, the stock closed the session at $10.48. The PE ratio was 10.37 over 12-month period. Referring to stock’s 52-week performance, its high was $14.74, and the low was $9.31. On the whole, SCS has fluctuated by -1.41% over the past month.
With the market capitalization of Steelcase, Inc currently standing at about $1.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 3.82%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SCS currently trading nearly 5.15% and -1.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.90, while the 7-day volatility ratio is showing 2.75% which for the 30-day chart, stands at 3.09%. Furthermore, Steelcase, Inc (SCS)’s beta value is 1.14, and its average true range (ATR) is 0.35.
A comparison of Steelcase, Inc (SCS) with its peers suggests the former has fared considerably weaker in the market. SCS showed an intraday change of -0.19% in last session, and over the past year, it shrunk by -17.64%%.
Data on historical trading for Steelcase, Inc (NYSE:SCS) indicates that the trading volumes over the past 3 months, they’ve averaged 759.21K. According to company’s latest data on outstanding shares, there are 94.09 million shares outstanding.
Nearly 25.73% of Steelcase, Inc’s shares belong to company insiders and institutional investors own 73.86% of the company’s shares. The stock has fallen by -11.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCS stock heading into the next quarter.
